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    Roy Roelke, Mishawaka, IN

    License ID: RB14051091
    Newmark Grubb Cressy & Everett
    Association
    Indiana Commercial Board Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (574) 485-1537
    Office Address:
    3930 Edison Lakes Pkwy, Mishawaka, IN, 46545

    Performance

    Listings
    29

    Listings

    For Sale (28)

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    • $1,040,104
      24,286 SF

      Industrial Facility with Expansion Potential

      9.979-acre property with manufacturing facility and expansion land.
      1700 Us Highway 12, Michigan City, IN 46360
      View Details
    • $2,698,000
      79,052 SF

      Versatile Sports Complex for Sale

      79,052 SF sports complex adaptable to industrial uses.
      301 W Kieffer Rd, Michigan City, IN 46360
      View Details
    • $9,539,000
      260,480 SF

      Well-Kept Manufacturing Building For Sale

      Clean manufacturing building with high ceilings and ample parking.
      229 Factory St, La Porte, IN 46350
      View Details
    • Contact for pricing
      114,020 SF

      South Bend Redevelopment Opportunity

      Industrial land with redevelopment potential and rail access.
      3602 W Sample St, South Bend, IN 46619
      View Details
    • $319,000

      Commercial Land Development Opportunity

      Commercial land for sale with frontage on West Michigan.
      860 W Michigan St, New Carlisle, IN 46552
      View Details
    • $34,900

      Land Parcel on State Highway

      Small land parcel suitable for QSR or similar business.
      2800 Central Ave, Lake Station, IN 46405
      View Details
    • $249,000

      Land on U.S. 31

      Land suitable for regional office, warehouse, or general business.
      1050 N Old Route 31, Macy, IN 46951
      View Details
    • $292,190

      Land For Sale

      Land suitable for industrial, manufacturing, and distribution purposes.
      Us 20 & 35, Michigan City, IN
      View Details
    • $3,594,004

      Development Land For Sale

      Four parcels available for development with diverse zoning.
      Us 20 & 35, Michigan City, IN
      View Details
    • $2,475,000

      Kingsbury Industrial Park Land Parcel

      Development land in established industrial park with infrastructure.
      1st Line Rd, Kingsford Heights, IN
      View Details
    • $599,000
      7,280 SF

      Office Building with Security System

      Office building featuring high-tech security and flexible space.
      22988 Ireland Rd, South Bend, IN 46614
      View Details
    • $300,000

      Land Near IUSB Campus

      Commercial land with high traffic and development potential.
      Ironwood & Lww V L Cor, Mishawaka, IN
      View Details
    • $661,323

      Land Near U.S. 20 Bypass

      Land with utilities being installed near major transportation routes.
      59010 Magnolia Rd, South Bend, IN 46614
      View Details
    • $150,000

      Cleared Land in Retail Corridor

      Cleared land in high-traffic retail area, ideal for QSRs.
      1621 E Mckinley Ave, Mishawaka, IN 46545
      View Details
    • $277,820

      Commercial Land for Sale

      Land suitable for retail, commercial, hotel, and office development.
      20 And Us 35, Michigan City, IN
      View Details
    • Contact for pricing
      3,955 SF

      Michigan City Commercial Property For Sale

      Commercial property with ample parking and highway frontage available for sale.
      402 W Us Highway 20, Michigan City, IN 46360
      View Details
    • Contact for pricing

      Land on Heavily Traveled Highway

      Land suitable for quick-service restaurant in Lake Station, Indiana.
      2800 Central Ave, Lake Station, IN 46405
      View Details
    • Contact for pricing

      Michigan City Development Opportunity

      Multiple parcels available for development along a major transportation corridor.
      20 And Us 35, Michigan City, IN 46360
      View Details
    • Contact for pricing
      79,052 SF

      Versatile Sports Complex for Sale

      79,052 SF sports complex adaptable for industrial or warehouse use.
      301 W Kieffer Rd, Michigan City, IN 46360
      View Details
    • Contact for pricing

      Michigan City Development Land Available

      Three parcels available for development along U.S. 20/U.S. 35.
      20 & Us 35, Michigan City, IN 46360
      View Details
    • Contact for pricing

      Cleared Land Ready for Development

      Prime location, cleared, ready for development in Mishawaka, Indiana.
      1621 E Mckinley Ave, Mishawaka, IN 46545
      View Details
    • Contact for pricing

      Commercial Land on High-Traffic Corridor

      10.05-acre commercial development opportunity in New Carlisle, Indiana.
      860 W Michigan St, New Carlisle, IN 46552
      View Details
    • Contact for pricing

      Commercial Land Near University

      Commercial land for sale near Indiana University South Bend.
      2807 Lincolnway W, Mishawaka, IN 46544
      View Details
    • Contact for pricing

      Developable Land on U.S. 20

      12.73 acres with frontage on U.S. 20 Bypass.
      59010 Magnolia Rd, South Bend, IN 46614
      View Details
    • Contact for pricing
      13,406 SF

      Turn-Key Banquet Hall For Sale

      Well-maintained banquet hall with two conference rooms and full kitchen.
      255 Hupp Rd, La Porte, IN 46350
      View Details
    • Contact for pricing
      38,190 SF

      Michigan City Industrial Building Portfolio

      Two properties available: industrial building and restaurant on US-20.
      332 Us Highway 20, Michigan City, IN 46360
      View Details
    • Contact for pricing

      Kingsbury Industrial Park Land

      50.33 acres in Kingsbury Industrial Park, La Porte, Indiana.
      7264 S First Line Rd, La Porte, IN 46350
      View Details
    • $502,500
      5,042 SF

      Retail Property in Hamlet, Indiana

      Retail property available for sale in Hamlet, Indiana.
      4 W Davis St, Hamlet, IN 46532
      View Details

    For Lease (1)

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    • Contact for pricing

      LaPorte Industrial Building For Lease

      60,000 SF industrial/warehouse space with heavy-duty construction.
      11 Pine Lake Ave, La Porte, IN 46350
      View Details

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    Roy Roelke, Mishawaka, IN
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    Roy Roelke, Mishawaka, IN
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